All Forum Posts by: Jessica Melendez

@Ron Flatt Thank You! Can you elaborate on leasing the property with option? Does that mean "rent to own"? Also, do you have any experience with owner financing? How can I approach an owner that isn't offering owner financing, and would it be ethical?

@Lesley Ray hi there! A warm welcome to you as well. Let’s connect and share our findings! =)

@Tan Mehedi Thank you! I know I can get an approval with a bank, it just expired this month. I re-structured my budget to start saving about $1,100 a month. But I get pretty impatient when I want to do something and become passionate about my decision. I’ve heard of people putting down as little as $2,500. So I don’t 100% believe it’s too little.  Do you think $10k is too little for what I’m trying to do (buy a fourplex)? If so, knowing what you know, what would you do?

@Robin First Thanks for your input! Since posting this earlier today I’ve been scowering the internet to find possibilities. I learned that NY is giving up to 25k grant to Forst time homebuyers, purchasing 1-4 family homes. I did have a pre-approval which just expired this month. I was too emotionally invested in the condominium I tried purchasing because I was living there. But alas, lesson learned. Gotta keep my emotions on Check! Going back to the Grant, I have to take a First Time Homebuyer course ($100). Once I receive the certificate, I can take it to a participating lender. Will keep looking for homes to possibly purchase in the mean time. 

@Chris Grenzig Great advice. Thank You. 

@Dave Visaya Thank You! 

@Chris Grenzig I did think about that. Where I will  struggle is how I should pick someone. I’m almost certain I shouldn’t be just anyone’s partner. Any tips on how I can better decide/desipher the better partner? 

@Jay Hinrichs sorry for taking so long to reply, I saw you were on episode 222 and decided to listen to it before replying. While watching it I did think of someone who may be willing to be a private money lender. Thank you for that suggestion. Open to any more suggestions and/or tips. 

Hello Melissa! Welcome to BP. I think that question is really up to you to answer. Only you can make the best of it (or worst). I started with a free membership, a few days later upgraded to $9 a month. After attending my first webinar, I upgraded to pro, with a 20% discount. I decided on that because I am truly committed to getting into Real Estate. What BP has delivered thus far is worth so much more. With anything in life, you ultimately decide if you’ll take advantage of it.

@tu le welcome! Would love to connect. I am from New York but looking into properties in Philadelphia. My mother just moved there and tells me there is a lot of movement going on in her area. Hope to connect!